How to Pick a Loan Servicing Company for Your Note Business

When to Hire a Servicing Company: Learn when you need to hire a loan servicing company.

Red Flags: Self-Servicing: Understand the risks of self-servicing and why third-party servicers are often preferable.

Retaining Existing Servicers: How to keep the same servicer for seamless transitions.

Licensing Importance: Why ensuring your servicer is licensed in the relevant states is crucial.

What To Look For In a Servicer: Navigating the Loan Servicing Landscape.

Avoiding Bad Servicers: Learn how a bad servicer made a 50% reinstatement rate.

Servicing Options: Uncover a myriad of servicing options available to note investors.

Servicing Company Requirements What to Expect When Hiring.

Minimums: Avoiding servicing companies with high minimums and monthly bills.

Service and Support: The importance of good service, a quality support team, and how to evaluate it.

Cost Analysis: How fees and billing practices, can impact your note portfolio.

Direct Communication: Learn about the importance of direct communication with servicing counsel.

Managing Non-Performing Notes: Strategies for handling non-performing notes with a servicing company.

Adjusting Payment Schedules: Adjusting how payments are made on your servicing schedule.

The Importance of VA's: Why having a VA is the way to go with managing non-performing notes.

Common Mistakes: Discover common challenges and setbacks when working with servicing companies.

Firing Your Servicer: When to fire a servicer.